FTSE SmallCap so maybe quite some way off. But it’d be nice to have a brewer on Freetrade apart from Diageo.
FSTA is already available in the app
Fuller’s exits brewing with £250m sale to Japan’s Asahi
Market has reacted favorably up 22% on opening!
We picked a good time to add them to the app then
Here’s some more coverage:
Pretty good moment for investors, but it’s kind of sad to see another independent brewery swallowed by a conglomerate.
What does this mean for people who bought stocks in Fuller? Will they get a payout based on stock and then not own any stock, or would it get transferred?
Fuller will still be a public company so not much will change here. Sometimes companies in this situation pay a large dividend but we’ll have to wait & see